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Deal of the Week: China Vanke Arrives in U.S.

Wall Street JournalFebruary 19, 2013

In 2011, Rob Speyer sat down for what he thought would be a brief meet-and-greet with Wang Shi, chairman of China's largest residential developer, China Vanke Co.

Instead, it ended up setting the stage for China Vanke's entry into the U.S. market. On Monday, the company and Mr. Speyer's Tishman Speyer Properties Inc. announced they had struck a deal to build two luxury condo towers in San Francisco with a total of 655 units, in what would be the largest condo project in the city.